Fiducia TogetherMaking Tax Digital for Income Tax
Quarterly digital reporting replacing the annual Self Assessment return for the self-employed and landlords.
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.
What it means
MTD for Income Tax Self Assessment requires digital records and quarterly updates to HMRC, plus a final declaration, for those above an income threshold.
Why it matters
It replaces one annual return with five submissions and requires compatible software. The thresholds and start dates have moved several times.
What it looks like in practice
It applies to combined self-employment and property income above the threshold, phased in over several years by income level.\n\nDigital links are required throughout — copying a total by hand between systems is not compliant.
What to watch out for
Assuming it does not apply because it has been delayed before. Check the current timetable rather than the one you remember.
Where to get proper advice
GOV.UK for the current rates and thresholds, which move most years. Your accountant before acting — this is exactly the kind of question a fee is for.
Where to read more
Last reviewed 2026-08-28 by Fiducia Together · Next review due 2027-08-28
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.